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The APR on a $100 mortgage works out to 391 % and that's quite a lot of gravy to pay for a small quick-time period mortgage. A payday mortgage is a superb way to get some straightforward cash. The APR stays the identical however the same money just price you more. Oregon for example has enacted laws to restrict APR to 36 percent for small loans. Many credit unions now supply small loans at very engaging curiosity charges that are substantially decrease than any payday mortgage price. You leave a examine for with the mortgage location and they money it on the due date. You will have to return to the location where you borrowed the money on the cost due date. You can go to any of places owned by the identical company and pay your mortgage on the due date. They will cash or deposit your examine on the due date.

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